Yangzijiang Shipbuilding was the best performing stock on Singapore’s Straits Times Index (STI) last week.
Shares in China’s largest privately owned shipbuilder were up more than 10% for the week, according to figures from the Singapore Exchange (SGX).
The STI is a market capitalisation weighted index that tracks the performance of the top 30 companies listed on the SGX.
Investors have taken a keen interest in Yangzijiang’s shares amid talk that it is set to break into the exclusive LNG newbuilding market.
